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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Boplicity who wrote (46719)	4/16/2000 7:01:00 PM
From: E. Davies	Read Replies (1) of 99985

What will you do once the market finally is done selling? Will you always be a bear, or will you go long? A long term bear can still see that valuations for tech stocks are at least double historical norms. They see this as a relatively small selloff which hearalds the beginning of a long and slow decline. A short term bear is a fool not to cover. Its gonna bounce, and its gonna bounce hard. Me- I think the bull is on hold until real economic issues push it one way or the other. Since its not likely the economy can get a whole lot better the odds for the next 2-3 years is flat to down for stocks that have run huge in the last 3-5 years. I'm planning to stay highly liquid and focus on trading. Buy & hold is going to sleep for a while. Its gonna be 6 months before the public figures out what is going on. Eric

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